entation from the US: chief of mission: Ambassador
Stuart BERNSTEIN embassy: Dag Hammarskjolds
PSC 73, APO AE 09716 telephone:
Flag description: red with a white cross that extends to the edges of
the flag; the vertical part of the cross is shifted to the hoist side,
and that design element of the Dannebrog (Danish flag) was subsequently
adopted by the other Nordic countries of Finland, Iceland, Norway,
and Sweden

Economy Denmark

Economy - overview: This thoroughly modern market economy features
high-tech agriculture, up-to-date small-scale and corporate industry,
extensive government welfare measures, comfortable living standards,
a stable currency, and high dependence on foreign trade. Denmark is
a net exporter of food and energy and has a comfortable balance of
payments surplus. The government has been successful in meeting, and
even exceeding, the economic convergence criteria for participating in
the third phase (a common European currency) of the European Monetary
Union (EMU), but Denmark, in a September 2000 referendum, reconfirmed
its decision not to join the 11 other EU members in the euro. Even so,
the Danish currency remains pegged to the euro.

GDP: purchasing power parity - $149.8 billion (2001 est.)

GDP - real growth rate: 1.1% (2001 est.)

GDP - per capita: purchasing power parity - $28,000 (2001 est.)

GDP - composition by sector: agriculture: 3% industry: 22% services: 75%
(2001 est.)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: 2%
highest 10%: 24% (2000 est.)

Distribution of family income - Gini index: 24.7 (1992)

Inflation rate (consumer prices): 2.4% (2001 est.)

Labor force: 2.856 million (2000 est.)

Labor force - by occupation: services 79%, industry 17%, agriculture 4%
(2000 est.)

Unemployment rate: 5.3% (2000)

Budget: revenues: $52.9 billion expenditures: $51.3 billion, including
capital expenditures of $500 million (2001 est.)

Industries: food processing, machinery and equipment, textiles and
clothing, chemical products, electronics, construction, furniture,
and other wood products, shipbuilding, windmills

Industrial production growth rate: 1% (2001 est.)

Electricity - production: 35.792 billion kWh (2000)

Electricity - production by source: fossil fuel: 83.86% hydro: 0.08%
other: 16.06% (2000) nuclear: 0%

Electricity - consumption: 33.925 billion kWh (2000)

Electricity - export